Navigation Links
Pacer Health Corporation Successfully Completes Assignment of $11.7 Million in Convertible Debentures
Date:4/14/2009

MIAMI, April 14 /PRNewswire/ -- Pacer Health Corporation, a Miami-based firm specializing in the acquisition and management of financially distressed businesses announced today that it has completed a transaction with YA Global Investments, L.P., acquiring $11.7 million in convertible debentures. The transaction brings five additional companies into the Pacer portfolio and continues Pacer along its strategic path of diversifying into industries outside the healthcare arena.

"This transaction is similar to the transaction Pacer entered into last May which allowed the Company to acquire Cargo Connection Logistics Corp. and expand our turnaround management expertise into the distribution and logistics industry," said Rainier Gonzalez, chairman and chief executive officer.

The debentures, belonging to 5G Wireless Communications, Inc., Connected Media Technologies, Inc., Ei3 Corporation, EYI Industries, Inc. and ICOA, Inc., were assigned to Pacer as a result of the transaction.

5G Wireless Communications, Inc. develops and manufactures indoor and outdoor base stations for broadband wireless networks based on the 802.11 or Wi-Fi standard.

Connected Media Technologies, Inc. is a sales and marketing company that offers digital services across media platforms, including print, television, radio, and the internet, to name a few.

Ei3 Corporation is an internet services company that creates and hosts remote monitoring applications for enterprise customers.

EYI Industries, Inc. markets nutritional supplements through an extensive distribution and sales network. The company sold over 6 million bottles of their flagship product, CALORAD(R), since they began in 1995.

ICOA, Inc. installs and operates wireless broadband (Wi-Fi) hotspots in high-traffic public areas across the United States. The company has more than 900 network installations in 44 states.

"This assignment demonstrates our continued commitment to diversify our company and ability to continue to expand our holdings," said Mr. Gonzalez.

About Pacer Health Corporation

Pacer Health Corporation is a company that focuses on financially distressed businesses in all market segments. Pacer owns acute care hospitals and medical treatment facilities; a distribution and logistics company with locations throughout the United States; and, credit facilities for several companies across multiple industry lines. Please visit http://www.pacerco.com for more information.

Forward-Looking Statements

Certain statements and information included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied in such forward-looking statements. Additional discussion of factors that could cause actual results to differ materially from management's projections, estimates and expectations is contained in the Company's SEC filings. The Company undertakes no duty to update its forward- looking statements, including its long-term growth targets.


'/>"/>
SOURCE Pacer Health Corporation
Copyright©2009 PR Newswire.
All rights reserved

Related medicine news :

1. Globus Medicals SIGNATURE(TM) Spacer Designed for MILDER(TM) TLIF Procedures
2. Pacer Health Corporation Reopens South Cameron Memorial Hospital and Calcasieu Oaks Psychiatric Hospital
3. Globus Medical Launches NIKO(TM) Corpectomy Spacer System
4. Orthofix International Acquires InSWing(TM) Interspinous Process Spacer
5. Small Bone Innovations Introduces the Artelon(R) STT Spacer to Increase Treatment Options for Thumb Arthritis
6. Womens Health Advocates To Moms: We Can Beat Cervical Cancer!
7. Broadlane Helps Health System Realize Significant Financial and Operational Improvements
8. How To Get Fit By Summer; Life123 Helps Feed Your Mind and Improve Your Health
9. got milk?(R) and the NBA Showcase New National Teen Health and Fitness Initiative at Marina Del Rey Middle School in Los Angeles
10. Beyond Reform - Modernizing the Health Care System
11. Compirion Healthcare Consulting Generates a 40:1 Return on Investment at the Medical Center of Central Georgia
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:6/25/2017)... ... June 25, 2017 , ... CareSet Labs released the Root NPI Graph today ... a new, greatly improved version of the Doctor Referral teaming dataset commonly available from ... and subsequently called the the “Doctor Referral Dataset” as released by Medicare and “DocGraph” ...
(Date:6/24/2017)... (PRWEB) , ... June 24, 2017 , ... ... in Erie, PA at the Sheraton Erie Bayfront and Erie Convention Center on ... based medicine experience, exhibits, a student quiz bowl, award and scholarship presentations, and ...
(Date:6/23/2017)... ... June 23, 2017 , ... The Rhode Island Quality Institute ... Alerts and Dashboards, an innovative new service enabling healthcare providers to proactively coordinate ... Alerts and Dashboards provide near real-time data about patients admitted to and/or discharged ...
(Date:6/23/2017)... ... ... Studies show evidence that carotenoids and antioxidants derived either from the diet or ... But how often do ophthalmologists and optometrists in Sweden recommend the use of nutritional ... early symptoms of AMD? A study published recently in Dove Medical Press ...
(Date:6/23/2017)... ... June 23, 2017 , ... Everybody has their own personal ... prefer to read it, and some people don't like it at all. FindaTopDoc took ... they found: , Erotic literature can give readers a taste of their deepest, darkest ...
Breaking Medicine News(10 mins):
(Date:6/13/2017)... Zimmer Biomet Holdings, Inc. (NYSE and SIX: ZBH), ... U.S. Food and Drug Administration (FDA) has notified the Company ... its Zhejiang, China manufacturing facility has ... successful clearance of the Warning Letter related to our ... measure of the progress we have made in our ongoing ...
(Date:6/9/2017)... and INDIANAPOLIS , June 9, ... living with diabetes. In a further effort to help ... affected by this condition, the International Diabetes Federation (IDF) ... ) have come together for the second phase of ... Systems programme (BRIDGES 2), reaffirming their commitment to helping ...
(Date:6/7/2017)... -- Novavax, Inc., (Nasdaq: NVAX ) today announced that ... its RSV F protein recombinant nanoparticle vaccine candidate (RSV F ... in the journal Vaccine (the data ... conferences). The Company previously announced top line results ... RSV F Vaccine with the goal of protecting infants from ...
Breaking Medicine Technology: